All language subtitles for 3. Doji Candlesticks Can Be Big Opportunities

So let's look at these interesting situations that occasionally come around called Doges and what are

they trying to tell us?

And more importantly, how can we what are they telling us and how can we use them to be better traders,

basically?

So AWG is a situation where a candlestick has no real body or only a very small one.

And the reason that happens is that the opening price and the closing price are at or very near the

same level.

So if you look at this graphic here on a typical candlestick, you see have a pretty good sized body,

real body, the rectangle part with a wicket, both the top and the on the bottom.

And as you know from a previous lesson, those are called upper shadow and a lower shadow.

Now, if you look at these totally candlesticks, one's got the open and close north towards the bottom

and not much of a candle body there.

There is a body there, but it's like they're almost exactly the same price.

You're not going to see that with a price is between the open and the close because they're all close

together.

Same thing with the one on the right, the far right, where the price is open, high or higher, and

the closed high near the high as well, too.

So there's still a range.

You can still see the vertical main line down the middle.

There's still a long wick running through, in effect, the entire candlestick with a high upper shadow

and a low, lower shadow.

But the geology is showing a very small candle itself, the body showing that the open and close occurring

near each other.

And because that happens, we can learn things around that.

Now on its own, though, don't he doesn't tell you all that much, just looking at it alone in space.

Other than that, there is incisiveness in the market, right?

There's no clear highs or lows or excuse me, and there's no clear opens and closes that it's going

up or down as far as that.

And really where a dodgy gains its meaning is based on the bars preceding it.

What is happening before it?

Because a dog can help indicate that a transition may be coming and what type of transition depending

on the type of dog.

So think of that.

We don't think like I see a dog.

I do something.

I think I see a dog.

I need to look backwards a little bit to see what might be happening next.

And that'll help me with my trading decision.

By doing so, what do I do?

So doges kind of work along with the other price bars.

So Jorgy, that occurs after a prolonged uptrend means buyers are coming in and there's been this long,

prolonged uptrend.

The prices have been rising and he starts seeing doege a dodgy.

That could mean that it's coming to an end of their buying or bullish enthusiasm as far as a dodge occurring

after long uptrend, that would be like a series of white or green bars, for example, of candles.

You know, those candlesticks showing that and there might be the end of that trend.

And that's called a bearish, dodgy start, right?

Both means things are going up, beareth.

These things are coming down.

So we have this long uptrend.

And so now we see doges approaching or coming in that might show decisiveness and where might be ready

to make a move now the opposite direction or down.

Thus a bearish, dodgy start, a dodgy after a prolonged downtrend.

The exact opposite of that where we've been going down for some times means buyers might be coming in

and they're getting more enthused about that security and they're starting to buy the security in that

prices might be ready to start coming up.

So it's been going down.

We've had a series of red bars.

There's now a dodgy that might be appearing, showing some decisiveness, maybe showing us that we're

ready to make that turn and go back upwards.

And that's called a bullish, dodgy start.

So you have bearish, dodgy stars, bullish dodgy stars acting in the opposite ways.

But that's the idea of these dodgy candlesticks could show, you know, where these changes might be

occurring.

So what is that?

What do we kind of learn from that?

If we think about it now a little bit closer, what we know is that a geology is kind of a transitional

indicator, is not a continuation indicator.

A trend is going to continue.

If anything, it's going to tell us that a transition may be coming.

You know, that the trend, whether it's going up or down, is going to change.

So if you're investing, let's say, along a certain trend, let's say a buying trend, you want the

prices to go up and you and you start seeing a dog, then you might say, oh, I might be time for me

to get out and sell, because that trend might that upward trend might be willing to change again.

They could be up or down.

Depends on where the trend is going.

And then the stronger the previous trend, you know, the more likely that the geology is actually going

to correctly signal a change.

So if it's not a very strong trend, kind of in and out, you know, it's not that strong a trend.

The dodgy might not be as impactful.

But if you've had a long, real strong bull upward trend and you see a dog, there's a very higher chance

the dodgy will be correct, signaling that change and transition again, nothing's perfect, but something

you definitely want to be aware of and maybe, you know, just your trading based on that.

And then and then lastly, in the next lesson we're going to learn about, there are certain dodgy shapes

actually that have extra meaning.

So we know a dog is going to be a transitional indicator and the trend might change stronger.

The trend, real good chance is going to change.

But then how that dodgy looks could provide even more meaning.

So that's coming up in the next lesson.

Around dodgy candlesticks, oh, in our previous example to where we saw actually a couple of dodges

back to back.

Did it signal that there was a change in trend?

Well, not really that much, because the trend before it was not really fully formed.

It was not a strong trend.

You saw a trend was really a couple days of pricing.

There was a big down day with that big high volume you see over there on the left hand side, you know,

so maybe there wasn't a big, strong trend leading up to that.

And if we look back a little bit further, on the right hand side, you can see before had a real narrow

trading range up and down kind of following this narrow channel.

Then it started to go up a little bit, doges appeared.

Was it going to go back down?

We were watching for it.

As it turned out, it didn't really make a transition, but it was something to be aware of.

And then that trend actually continued.

So if I was looking at this on the right hand side, I'd say, OK, we started to trend up.

A couple of doges appeared.

I was watching it and then the trend continued up.

After that, you can see, because there, you know, black and white, white candlesticks, they're

up higher.

And the even the ranges are higher.

They're open, their clothes are higher, are their clothes is higher.

I would say maybe I am going to get a nice, strong trend coming now because even the Doges can throw

it off.

So another way to look at that.